Asia/Pacific
EU Russia sanctions add fuel to red-hot global diesel market
New European Union sanctions targeting Russia's oil industry will reshuffle global diesel flows for the second time since 2022, adding pressure to an already red-hot market.
EU-sanctioned Indian refiner Nayara takes Microsoft to court over outage
Russia-backed Indian refiner Nayara Energy Monday said it has started legal proceedings against Microsoft following the abrupt and unilateral suspension of critical services by the U.S.-headquartered software giant.
Envision Energy powers world's first green marine ammonia bunkering
The milestone event took place at COSCO Shipping Heavy Industry's terminal in Dalian, where China Shipping & Sinopec Suppliers Co. Ltd. completed the inaugural bunkering of green ammonia fuel for a 5,500-hp ammonia-fueled port vessel.
CEO of Russia-backed Indian refiner Nayara resigns after EU sanctions
The reshuffle at the top is the latest disruption for the company since the EU announced a new round of sanctions last Friday directed at Russia over its war in Ukraine.
PetroChina makes FID for new northeast refinery complex
The new complex comprises a 200,000-bpd crude oil refinery, a 1.4-metric MMtpy ethylene complex as well as a variety of downstream petrochemical units such as polyethylene, polypropylene and polyolefin elastomer.
Indian caustic soda major TGV SRAAC selects thyssenkrupp nucera for new expansion contract
Indian caustic soda major TGV SRAAC Ltd. (formerly Sree Rayalaseema Alkalies and Allied Chemicals Ltd.), has commissioned thyssenkrupp nucera to expand its chlor-alkali plants in Kurnool in the Indian state of Andhra Pradesh.
Update: Cancelled and postponed green hydrogen projects
Developers of green hydrogen have scaled back investments and scrapped projects globally as elevated production costs and weak demand for the low-carbon fuel have made many ventures unviable.
Second tanker to skip fuel loading at sanctions-hit Nayara refinery
Nayara Energy, in which Russia's largest oil producer Rosneft has a 49.13% stake, was hit in a fresh package of sanctions imposed on Friday by the European Union over Russia's war on Ukraine that began in February 2022.
Green hydrogen retreat poses threat to emissions targets
Green H2 developers are cancelling projects and trimming investments around the world, raising the prospect of longer than targeted reliance on fossil fuels.
Indonesia's Danantara awards $8-B EPC contract for modular refinery builds
Indonesian sovereign wealth fund Danantara plans to sign an $8 billion engineering, procurement and construction contract with U.S. engineering firm KBR Inc to build 17 modular refineries.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
- U.S. liquid fuels groups announce progress on E15, small refinery exemption reform 12/5
- Million Air and Avfuel bring SAF to Austin, Texas (U.S.) 12/5
- Chinese refiners buy oil from storage, raise output with fresh import quota 12/5
